Succession planning: developing the senior manager talent of the future

Talent recruitment continues to be a major issue for brokers at all levels of seniority. With this in mind, Rachel Gordon looks at what insurers can do to help intermediaries develop their future leaders.

In these days of talent shortages, bringing on the next generation is more important than ever – succession planning matters, whether that is to ensure competent managers ready to take on more senior roles or to maximise the value of a business in preparation for sale.

The days of the autocrat broker are also long gone. The British Insurance Brokers’ Association recognised this years ago. As a preponderance of suited and booted middle-aged men did not represent a changing sector, it launched an